Report NEP-MAC-2020-03-30

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra K Mallick issued this report. It is usually issued weekly.

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Other reports in NEP-MAC

The following items were announced in this report:

• Gerke, Rafael & Giesen, Sebastian & Scheer, F. Alexander, 2020. "The power of forward guidance in a quantitative TANK model," Discussion Papers 03/2020, Deutsche Bundesbank.
• Vasily Astrov & Alexandra Bykova & Rumen Dobrinsky & Richard Grieveson & Julia Grübler & Doris Hanzl-Weiss & Gabor Hunya & Sebastian Leitner & Isilda Mara & Olga Pindyuk & Leon Podkaminer & Sandor Ric, 2020. "Uncertainty in Turbulent Times," wiiw Forecast Reports Spring2020, The Vienna Institute for International Economic Studies, wiiw.
• Luca Riccetti & Alberto Russo & Mauro Gallegati, 2020. "Firm-bank credit network, business cycle and macroprudential policy," Working Papers 2020/16, Economics Department, Universitat Jaume I, Castellón (Spain).
• Morita, Hiroshi, 2020. "Empirical Analysis on the Effects of Japanese Fiscal Policy under the Effective Lower Bound," Discussion paper series HIAS-E-97, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
• Reichlin, Lucrezia & Ricco, Giovanni & Hasenzagl, Thomas, 2020. "Financial variables as predictors of real growth vulnerability," Discussion Papers 05/2020, Deutsche Bundesbank.
• Frederico Silva Leal, 2020. "Political Budget Cycles in the Eurozone," Working Papers REM 2020/0120, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Sangyup Choi & Myungkyu Shim, 2020. "Labor Market Dynamics under Technology Shocks: The Role of Subsistence Consumption," GRU Working Paper Series GRU_2020_002, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Vladimir Smirnyagin, 2020. "Compositional Nature of Firm Growth and Aggregate Fluctuations," Working Papers 20-09, Center for Economic Studies, U.S. Census Bureau.
• Thomas R. Cook & Taeyoung Doh, 2019. "Assessing Macroeconomic Tail Risks in a Data-Rich Environment," Research Working Paper RWP 19-12, Federal Reserve Bank of Kansas City.
• Gale, William G., 2019. "Fiscal policy with high debt and low interest rates," MPRA Paper 99207, University Library of Munich, Germany.
• Klaus Adam & Michael Woodford, 2020. "Robustly Optimal Monetary Policy in a New Keynesian Model with Housing," CESifo Working Paper Series 8127, CESifo.
• Ermanno Catullo & Mauro Gallegati & Alberto Russo, 2020. "Forecasting in a complex environment: Machine learning sales expectations in a Stock Flow Consistent Agent-Based simulation model," Working Papers 2020/17, Economics Department, Universitat Jaume I, Castellón (Spain).
• Bomin Jiang & Roberto Rigobon & Munther A. Dahleh, 2020. "Contingent Linear Financial Networks," NBER Working Papers 26814, National Bureau of Economic Research, Inc.
• Nauro F Campos & Corrado Macchiarelli, 2020. "Brexit and the Euro," National Institute of Economic and Social Research (NIESR) Discussion Papers 512, National Institute of Economic and Social Research.
• Danial Lashkari & Arthur Bauer & Jocelyn Boussard, 2019. "Information Technology and Returns to Scale," Working papers 737, Banque de France.
• Kuk Mo Jung & Ju Hyun Pyun, 2020. "A Long-Run Approach to Money, Unemployment and Equity Prices," Working Papers 2001, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
• Sangyup Choi & Junhyeok Shin, 2020. "Brave New World? Bitcoin is not the New Gold: Understanding Cryptocurrency Price Dynamics," Working papers 2020rwp-167, Yonsei University, Yonsei Economics Research Institute.
• Klaus Adam & Michael Woodford, 2020. "Robustly Optimal Monetary Policy in a New Keynesian Model with Housing," NBER Working Papers 26833, National Bureau of Economic Research, Inc.
• Melanie Klein, 2020. "Implications of negative interest rates for the net interest margin and lending of euro area banks," BIS Working Papers 848, Bank for International Settlements.
• Richard K. Crump & Stefano Eusepi, 2016. "Fundamental Disagreement: How Much and Why?," Liberty Street Economics 20160113, Federal Reserve Bank of New York.
• Kiss, Tamás & Österholm, Pär, 2020. "Corona, Crisis and Conditional Heteroscedasticity," Working Papers 2020:2, Örebro University, School of Business.
• Philip Gunby & Stephen Hickson, 2020. "Cashless Economies, Data Analysis, and Research-Based Teaching: The Versatility of the Velocity of Money for Teaching Macroeconomics," Working Papers in Economics 20/07, University of Canterbury, Department of Economics and Finance.
• Crowley, Patrick M. & Hudgins, David, 2020. "How effective is the Taylor rule? Some insights from the time-frequency domain," BoF Economics Review 1/2020, Bank of Finland.
• Jonathan McCarthy, 2012. "Household Services Expenditures: An Update," Liberty Street Economics 20121126, Federal Reserve Bank of New York.
• Matthieu Lemoine & Harri Turunen & Mohammed Chahad & Antoine Lepetit & Anastasia Zhutova & Pierre Aldama & Pierrick Clerc & Jean-Pierre Laffargue, 2019. "The FR-BDF Model and an Assessment of Monetary Policy Transmission in France," Working papers 736, Banque de France.
• Jan J. J. Groen, 2014. "Forecasting Inflation with Fundamentals . . . It's Hard!," Liberty Street Economics 20141105, Federal Reserve Bank of New York.
• Weifeng Liu & Phitawat Poonpolkul, 2020. "Demographic impacts on life cycle portfolios and financial market structures," CAMA Working Papers 2020-20, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Xiaoqing Zhou, 2020. "A Quantitative Evaluation of the Housing Provident Fund Program in China," Working Papers 2008, Federal Reserve Bank of Dallas.
• Lis, Eliza & Nickel, Christiane & Papetti, Andrea, 2020. "Demographics and inflation in the euro area: a two-sector new Keynesian perspective," Working Paper Series 2382, European Central Bank.
• Takahiro Hattori & Jiro Yoshida, 2020. "The Bank of Japan as a Real Estate Tycoon: Large-Scale REIT Purchases," GRU Working Paper Series GRU_2020_003, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Gregor Semieniuk & Emanuele Campiglio & Jean-Francois Mercure & Ulrich Volz & Neil R. Edwards, 2020. "Low-carbon transition risks for finance," Working Papers 233, Department of Economics, SOAS University of London, UK.
• Daniela V. Guío-Martínez & Juan J. Ospina-Tejeiro & Germán A. Muñoz-Bravo & Julián A. Parra-Polanía, 2020. "Descripción de las Minutas e Informes de Política Monetaria a partir de herramientas de Lingüística Computacional," Borradores de Economia 1108, Banco de la Republica de Colombia.
• Heise, Arne, 2019. "Postkeynesianismus Ein heterodoxer Ansatz auf der Suche nach einer Fundierung [Post Keynesianism - A heterodox Approach in Search of First Principles]," MPRA Paper 98488, University Library of Munich, Germany.
• International Monetary Fund, 2020. "Uruguay; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay," IMF Staff Country Reports 20/51, International Monetary Fund.
• Gregora,Jiri & Melecky,Ales & Melecky,Martin, 2019. "Interest Rate Pass-Through : A Meta-Analysis of the Literature," Policy Research Working Paper Series 8713, The World Bank.
• Sri Kurniawati, 2019. "Sigma Convergence and VECM Approach in Explaining the Relationship among Macro Variables in Indonesia," GATR Journals jber181, Global Academy of Training and Research (GATR) Enterprise.
• Chaoran Chen & Diego Restuccia & Raul Santaeulalia-Llopis, 2020. "The Effects of Land Markets on Resource Allocation and Agricultural Productivity," Working Papers tecipa-661, University of Toronto, Department of Economics.
• Marco Del Negro & Marc Giannoni & Christina Patterson, 2013. "The Macroeconomic Effects of Forward Guidance," Liberty Street Economics 20130225, Federal Reserve Bank of New York.
• International Monetary Fund, 2020. "Malaysia; 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia," IMF Staff Country Reports 20/57, International Monetary Fund.
• Diego Restuccia & Chaoran Chen & Raul Santaeulalia-Llopis, 2020. "The Effects of Land Markets on Resource Allocation and Agricultural Productivity," Working Papers tecipa-660, University of Toronto, Department of Economics.
• Roth, Markus, 2020. "Partial pooling with cross-country priors: An application to house price shocks," Discussion Papers 06/2020, Deutsche Bundesbank.
• Martijn A. Boermans & John D. Burger, 2020. "Fickle Emerging Market Flows, Stable Euros, and the Dollar Risk Factor," Working Papers 676, DNB.
• Miguel Faria-e-Castro, 2020. "Fiscal Policy during a Pandemic," Working Papers 2020-006, Federal Reserve Bank of St. Louis, revised Feb 2021.
• Matthew Plosser, 2014. "What Do Banks Do with All That \\"Fracking\\" Money?," Liberty Street Economics 20141201, Federal Reserve Bank of New York.
• Anne Duquerroy, 2019. "The Real Effects of Checks and Balances: Policy Uncertainty and Corporate Investment," Working papers 735, Banque de France.
• Francesco D'Acunto & Thomas Rauter & Christoph Scheuch & Michael Weber & Michael Weber, 2020. "Perceived Precautionary Savings Motives: Evidence from FinTech," CESifo Working Paper Series 8123, CESifo.
• José Carlos Coelho, 2020. "A new assessment of the Troika ´s economic policy for Portugal in 2012 following an Input-Output approach," Working Papers REM 2020/0121, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Jonathan McCarthy, 2011. "How Much Will the Rise in Commodity Prices Reduce Discretionary Income?," Liberty Street Economics 20110323, Federal Reserve Bank of New York.
• Inderst, Georg, 2020. "Social Infrastructure Finance and Institutional Investors. A Global Perspective," MPRA Paper 99239, University Library of Munich, Germany.
• Edge, Rochelle M. & Liang, Jean Nellie, 2020. "Financial stability committees and the countercyclical capital buffer," Discussion Papers 04/2020, Deutsche Bundesbank.
• International Monetary Fund, 2020. "Eastern Caribbean Currency Union; 2019 Discussion on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union," IMF Staff Country Reports 20/70, International Monetary Fund.
• International Monetary Fund, 2020. "Solomon Islands; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Solomon Islands," IMF Staff Country Reports 20/49, International Monetary Fund.
• Galdo, Virgilio & Lopez-Acevedo, Gladys & Rama, Martin, 2020. "Conflict and the Composition of Economic Activity in Afghanistan," IZA Policy Papers 153, Institute of Labor Economics (IZA).
• Saroj Bhattarai & Konstantin Kucheryavyy, 2020. "A Unified Model of International Business Cycles and Trade," CESifo Working Paper Series 8130, CESifo.
• Linda S. Goldberg, 2013. "What’s News?," Liberty Street Economics 20131007, Federal Reserve Bank of New York.
• Guillaume Delalande & Cécile Sangaré & Friederike Rühmann & Julia Benn, 2020. "Burkina Faso’s Perspective on Total Official Support for Sustainable Development (TOSSD)," OECD Development Co-operation Working Papers 69, OECD Publishing.
• Stephan Luck & Tom Zimmermann, 2019. "Ten years later – Did QE work?," Liberty Street Economics 20190508, Federal Reserve Bank of New York.
• Dean Corbae & Pablo D'Erasmo, 2020. "Rising Bank Concentration," NBER Working Papers 26838, National Bureau of Economic Research, Inc.
• Raphael Galvao & Felipe Shalders, 2020. "Rules versus Discretion in Central Bank Communication," Working Papers, Department of Economics 2020_02, University of São Paulo (FEA-USP).
• Garibaldi, Pietro & Gomes, Pedro Maia & Sopraseuth, Thepthida, 2020. "Output Costs of Education and Skill Mismatch," IZA Discussion Papers 12974, Institute of Labor Economics (IZA).
• Fernando M. Duarte & Carlo Rosa, 2013. "A Way With Words: The Economics of the Fed’s Press Conference," Liberty Street Economics 20131125, Federal Reserve Bank of New York.
• Jonathan McCarthy, 2018. "What About Spending on Consumer Goods?," Liberty Street Economics 20180116, Federal Reserve Bank of New York.
• International Monetary Fund, 2020. "Austria; Publication of Financial Sector Assessment Program Documentation-Technical Note on Macroprudential Policy Framework and Tools," IMF Staff Country Reports 20/64, International Monetary Fund.
• Walter Engert & Ben Fung, 2020. "A Uniform Currency in a Cashless Economy," Staff Analytical Notes 2020-7, Bank of Canada.
• Bachmair,Fritz Florian & Aslan,Cigdem & Maseko,Mkhulu, 2019. "Managing South Africa's Exposure to Eskom : How to Evaluate the Credit Risk from the Sovereign Guarantees?," Policy Research Working Paper Series 8703, The World Bank.
• Maurizio Bussolo & Daniele Checchi & Vito Peragine, 2020. "Long-Term Evolution of Inequality of Opportunity," Working Papers 529, ECINEQ, Society for the Study of Economic Inequality.
• Jose Carreno, 2020. "Housing Booms and the U.S. Productivity Puzzle," Working Papers 20-04, Center for Economic Studies, U.S. Census Bureau.
• Maruyama, Yuuki, 2020. "A Model of Monetary Transmission Mechanism," SocArXiv hm9jn, Center for Open Science.
• Jonathan McCarthy, 2011. "Lower Income Households’ Vulnerability to the Recent Commodity Price Surge," Liberty Street Economics 20110613, Federal Reserve Bank of New York.
• Alexandre Ounnas, 2020. "Job Polarization and the Labor Market: A Worker Flow Analysis," LIDAM Discussion Papers IRES 2020010, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• International Monetary Fund, 2020. "Nicaragua; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua," IMF Staff Country Reports 20/59, International Monetary Fund.
• International Monetary Fund, 2020. "Sudan; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan," IMF Staff Country Reports 20/72, International Monetary Fund.
• Qingyuan Du & Jun Nie & Shang-Jin Wei, 2019. "Labor Market Institutions and the Effects of Financial Openness," Research Working Paper RWP 19-11, Federal Reserve Bank of Kansas City, revised 03 Feb 2020.
• Bruce Fallick & Daniel Villar Vallenas & William L. Wascher, 2020. "Downward Nominal Wage Rigidity in the United States during and after the Great Recession," Working Papers 16-02R, Federal Reserve Bank of Cleveland.
• International Monetary Fund, 2020. "Republic of Croatia; 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 20/50, International Monetary Fund.
• Kim Huynh & Jozsef Molnar & Oleksandr Shcherbakov & Qinghui Yu, 2020. "Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency," Staff Working Papers 20-7, Bank of Canada.
• Maurizio Bussolo & Daniele Checchi & Vito Peragine, 2020. "Long-Term Evolution of Inequality of Opportunity," SERIES 03-2020, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Mar 2020.
• Claire Alestra & Gilbert Cette & Valérie Chouard & Rémy Lecat, 2020. "Long-term growth impact of climate change and policies: the Advanced Climate Change Long-term (ACCL) scenario building model," Working Papers halshs-02505088, HAL.
• Orland, Andreas & Rostam-Afschar, Davud, 2020. "Flexible Work Arrangements and Precautionary Behavior: Theory and Experimental Evidence," GLO Discussion Paper Series 493, Global Labor Organization (GLO).
• Amit Kara & Jason Lennard, 2020. "Valuing Economic Statistics: A Case Study," Economic Statistics Centre of Excellence (ESCoE) Occasional Papers ESCOE-OP-02, Economic Statistics Centre of Excellence (ESCoE).
• Alexandre Ounnas, 2020. "Worker Flows, Occupations and the Dynamics of Unemployment and Labor Force Participation," LIDAM Discussion Papers IRES 2020009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Al-Ojayan, Hessah & Gaskell, George & Veltri, Giuseppe A., 2020. "Utilising applied behavioural research to execute subsidy reform in Kuwait," LSE Research Online Documents on Economics 103631, London School of Economics and Political Science, LSE Library.
• Lukas Menkhoff & Malte Rieth & Tobias Stöhr, 2020. "The Dynamic Impact of FX Interventions on Financial Markets," Discussion Papers of DIW Berlin 1854, DIW Berlin, German Institute for Economic Research.
• Hoang Sang Nguyen & Fabien Rondeau, 2019. "The transmission of business cycles: Lessons from the 2004 enlargement of the EU and the adoption of the euro," Post-Print hal-02440515, HAL.
• Burcu Erik & Marco Jacopo Lombardi & Dubravko Mihaljek & Hyun Song Shin, 2020. "The dollar, bank leverage and real economic activity: an evolving relationship," BIS Working Papers 847, Bank for International Settlements.
• Thiemo Fetzer & Lukas Hensel & Johannes Hermle & Christopher Roth, 2020. "Coronavirus Perceptions And Economic Anxiety," Papers 2003.03848, arXiv.org, revised Jul 2020.
• International Monetary Fund, 2020. "Austria; Publication of Financial Sector Assessment Program Documentation-Technical Note on Insurance Sector—Regulation, Supervision, Recovery, and Resolution Regime Prospects," IMF Staff Country Reports 20/63, International Monetary Fund.
• Qazi Haque & Leandro M. Magnusson, 2020. "Identification robust empirical evidence on the Euler equation in open economies," Economics Discussion / Working Papers 20-01, The University of Western Australia, Department of Economics.
• Thibault Lemaire, 2020. "Fiscal Consolidations and Informality in Latin America and the Caribbean," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02492309, HAL.
• David Pritchard, 2018. "Les dépenses publiques dans l’Athènes démocratique : 200 ans après August Böckh," Post-Print hal-02001773, HAL.
• Charles Ka Yui Leung & Joe Cho Yiu Ng & Edward Chi Ho Tang, 2020. "Why is the Hong Kong housing market unaffordable? Some stylized facts and estimations," ISER Discussion Paper 1081, Institute of Social and Economic Research, Osaka University.
• Amra,Rashaad & Hanusch,Marek & Jooste,Charl, 2019. "When the Cycle Becomes the Trend : The Emerging Market Experience with Fiscal Policy during the Last Commodity Super Cycle," Policy Research Working Paper Series 8712, The World Bank.
• Arellano-Bover, Jaime, 2020. "Career Consequences of Firm Heterogeneity for Young Workers: First Job and Firm Size," IZA Discussion Papers 12969, Institute of Labor Economics (IZA).
• Beverly Hirtle, 2012. "CCAR: More than a Stress Test," Liberty Street Economics 20120702, Federal Reserve Bank of New York.
• Adrian Pagan & Tim Robinson, 2020. "Too many shocks spoil the interpretation," CAMA Working Papers 2020-28, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• International Monetary Fund, 2020. "Republic of Congo; Technical Assistance Report-National Accounts Mission," IMF Staff Country Reports 20/55, International Monetary Fund.
• Perez-Quiros, Gabriel & Rots, Eyno & Leiva-Leon, Danilo, 2020. "Real-time weakness of the global economy: a first assessment of the coronavirus crisis," Working Paper Series 2381, European Central Bank.